When budgets get tight, there’s nothing a tube of lipstick can’t solve. Or at least, that’s what economists seem to believe. Even when people are scrambling to save every last penny, the “lipstick effect” has proved time and again that shoppers will indulge in small luxuries as a compromise since they can’t spend on big …
Elon Musk has once again ceded No.1 position as the richest person in the world to French luxury goods company LVMH’s Chairman Bernard Arnault. Now, with a net worth of $208.8 billion, Bernard Arnault is the richest person on the planet, leaving behind Elon Musk whose net wealth is now at $204.7 billion, according to …
Bernard Arnault, the French tycoon behind luxury giant LVMH, has dethroned Elon Musk as the world’s richest person, according to Forbes’ real-time billionaires list. Arnault’s net worth soared to $207.8 billion on Friday, fuelled by a 23.6 billion dollar surge, surpassing Musk’s $204.5 billion. Tesla, Musk’s electric car company, saw its stock plummet 13 per …
Bernard Arnault, the billionaire chairman and CEO of global luxury goods company LVMH, that includes brands like Louis Vuitton, is now the richest man in the world, overtaking Elon Musk. According to Forbes magazine, Arnault and his family’s net worth soared to $207.8 billion after a $23.6 billion increase on Friday. On the other hand, …
Bernard Arnault, the founder, chairman and CEO of global luxury goods brand LVMH (Louis Vitton) has overtaken Elon Musk as the wealthiest person in the world, according to Forbes. Bernard Arnault (left) and Elon Musk (File Photo) As per the magazine, the Arnault family’s net worth soared to $207.8 billion on Friday, rising by $23.6 …
The first trillionaire of the world may appear in the next decade, UK-based non-profit Oxfam International said in its published assessment of global inequalities this week, named ‘Inequality Inc’. According to the Oxfam report, cited by The Time Magazine, ending poverty – the target for which is 2030 under the UN Sustainable Development Goals – …
Image Source : AP Chief Executive Officer of Tesla Motors Elon Musk Tesla Inc. recently issued a warning about potential price reductions for its electric vehicles, causing a significant decrease in Elon Musk’s wealth. On Thursday, Musk’s fortune dropped by $20.3 billion, bringing his total assets to $234.4 billion. This decline in wealth ranks as …